Data Device seeks $20 million add-on first-lien term loan at 98½ OID

By Sara Rosenberg

New York, June 24 - Data Device Corp. is in market with a $20 million add-on first-lien term loan that is talked at Libor plus 600 basis points with a 1.5% Libor floor and an original issue discount of 981/2, according to a market source.

Credit Suisse Securities (USA) LLC is the lead bank on the deal.

Proceeds will be used for acquisition financing, the source added.

Data Device is a Bohemia, N.Y.-based supplier of defense electronics.

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